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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Room $ 479,934 $ 443,270 $ 436,202
Other hotel operations revenue 35,443 30,665 27,253
Total revenues 515,377 473,935 463,455
Hotel operating expenses:      
Room 123,129 110,221 109,844
Other direct 67,256 64,608 64,010
Other indirect 135,219 120,852 121,974
Total hotel operating expenses 325,604 295,681 295,828
Depreciation and amortization 85,927 72,406 64,052
Corporate general and administrative 19,597 19,292 21,204
Hotel property acquisition costs 354 3,492 1,246
Loss on impairment of assets 0 577 1,115
Total expenses 431,482 391,448 383,445
Operating income 83,895 82,487 80,010
Other income (expense):      
Interest expense (29,687) (28,091) (30,414)
Gain on disposal of assets, net 43,209 49,855 65,067
Other income, net 3,778 2,560 11,146
Total other income, net 17,300 24,324 45,799
Income from continuing operations before income taxes 101,195 106,811 125,809
Income tax (expense) benefit (1,674) 1,450 (553)
Net income 99,521 108,261 125,256
Less - income attributable to non-controlling interests:      
Operating partnership (307) (456) (819)
Net income attributable to Summit Hotel Properties, Inc. 99,214 107,805 124,437
Preferred dividends (17,408) (18,232) (16,588)
Premium on redemption of preferred stock (2,572) (2,125) 0
Net income attributable to common stockholders $ 79,234 $ 87,448 $ 107,849
Earnings per share:      
Basic (in dollars per share) $ 0.79 $ 1.00 $ 1.25
Diluted (in dollars per share) $ 0.79 $ 1.00 $ 1.24
Weighted average common shares outstanding:      
Basic (in shares) 99,406 86,874 85,920
Diluted (in shares) 99,780 87,343 87,144
Dividends per share (in dollars per share) $ 0.67 $ 0.55 $ 0.47